Our View of a Wild Week in Cryptocurrency

Our blockchain team have been busy tracking developments in the blockchain and cryptocurrency industry. Last week, the U.S. Securities and Exchange Commission (SEC) announced its position on certain initial coin offerings and sales through blockchain. A global digital currency exchange was hit with a significant fine for its failure to comply with U.S. law, and a decision made by a local court in the U.S. highlighted the difficulties the industry must overcome in order to gain the trust of the consumers.